Caustic Soda Market

Caustic soda market was estimated at USD 87 million in 2020 and predicted to grow at 6.3% CAGR during the forecast period.

Caustic Soda Market Overview

The caustic soda chemical name is sodium hydroxide (NaOH), commonly used in manufacturing several household products such as soap and various detergents. Its capability to dissolve grease makes it a common component in oven cleaners and products to unclog drains. Municipal water treatment installations use sodium hydroxide to control water’s acidity and help remove heavy metals from water.

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Major Caustic Soda Market Drivers

The factors driving the global Caustic Soda market include the growing demand for alumina. Alumina is extracted from naturally emerging minerals with the help of caustic soda. Alumina is used to make aluminum and various products such as foils, cans, kitchen utensils, airplane parts, automotive, and others. According to USGS, approximately 85% of world bauxite production is used as feed to manufacture alumina through a wet chemical caustic leach method. Most of the resulting alumina produced from this refining process is used as the feedstock to produce aluminum metal. According to The Aluminum Association, by 2026, net aluminum demand is expected to increase to 514 pounds per vehicle due to penetration increases for all vehicles utilizing aluminum enclosures, BIW, and chassis to meet long-range CO2 goals. Increasing demand for pulp and paper will also boost the market. In many paper-making processes, wood is treated with a solution including sodium sulfide and sodium hydroxide. This helps liquefy most of the unwanted material in wood, leaving relatively pure cellulose, which forms paper’s basis. According to the Environment Paper Network, Global paper demand doubled since 1985, reached more than 406 million metric tonnes in 2015, and is projected to reach 485 million metric tonnes by 2030.

Restraint in the Caustic Soda Market

However, Caustic Soda is a potentially dangerous substance. The harmful effect of Caustic Soda depends on several factors, including the concentration of sodium hydroxide and length of time exposed. Contact with high concentrations of sodium hydroxide can cause severe burns to the eyes and skins, resulting in permanent damage. This factor can act as a restraint and hamper market growth.

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Application – Segment Analysis

Based on the application, soap & detergent chemical is expected to grow at a higher CAGR during the forecast. period. Pure caustic soda is used to manufacture soaps and a variety of detergents used in household and commercial application. Caustic soda causes saponification and is an essential ingredient in soap-making. When flakes or beads of sodium hydroxide get added to a liquid, it forms a lye solution. This solution will lead to a chemical reaction when mixed with oil or fats. The onset of Covid 19 has further boosted the soap & detergent market. According to the United States International Trade Commission, U.S. import of soap and cleaning products by values increased by 38% from 2019 to 2020.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is predicted to grow at a higher CAGR during the forecast period. The increasing demand for soap & cleaning products, paper, and water treatment facilities boosted the market in the region. According to the Ministry of Chemicals & Fertilizers, India, Caustic Soda production reached 3136.94 metric tonnes in 2019-20 compared to 2925.35 metric tonnes production in 2018-19.

Top Market Players

Various notable players operating in the market, include, Tata Chemicals Ltd., Formosa Plastics Corporation, Aditya Birla Chemicals, Gujarat Alkalies and Chemical Limited., Olin Corporation, Brenntag North America, Inc., PPG Industries, Inc., FMC Corporation, Hanwha Solutions Chemical Division Corporation, Occidental Petroleum Corporation, among others.

Key Developments:

• • In 2020, Brenntag North America, Inc. announced the acquisition of the operating assets of Suffolk Solutions, Inc’s caustic soda distribution business. Brenntag North America Inc. linked its distribution network of caustic soda in the eastern United States through this acquisition.

Segments covered in the Report:

The global Caustic Soda market has been segmented on the basis of application, and regions. Based on Application, the market is segmented into Alumina, Soap & Detergent, Pulp & Paper, Water Treatment, Inorganic Chemicals, Organic Chemicals, Textiles, and others.

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Market Segmentation

Global Caustic Soda Market by Application

• • Alumina
  • Soap & Detergent
  • Pulp & Paper
  • Water Treatment
  • Inorganic Chemicals
  • Organic Chemicals
  • Textiles
  • Others

Global Caustic Soda Market by Region

• • North America Caustic Soda Market (Option 1: As a part of the free 25% customization)

    • North America Caustic Soda Market by Application
    • US Caustic Soda Market All-Up
    • Canada Caustic Soda Market All-Up

  • Europe Caustic Soda Market (Option 2: As a part of the free 25% customization)

    • Europe Caustic Soda Market by Application
    • UK Caustic Soda Market All-Up
    • Germany Caustic Soda Market All-Up
    • France Caustic Soda Market All-Up
    • Spain Caustic Soda Market All-Up
    • Rest of Europe Caustic Soda Market All-Up

  • Asia-Pacific Caustic Soda Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Caustic Soda Market by Application
    • China Caustic Soda Market All-Up
    • India Caustic Soda Market All-Up
    • Japan Caustic Soda Market All-Up
    • Rest of APAC Caustic Soda Market All-Up

  • RoW Caustic Soda Market (Option 4: As a part of the free 25% customization)

    • RoW Caustic Soda Market by Application
    • Brazil Caustic Soda Market All-Up
    • South Africa Caustic Soda Market All-Up
    • Saudi Arabia Caustic Soda Market All-Up
    • UAE Caustic Soda Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Caustic Soda Market All-Up

Major Players Operating in the Caustic Soda (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Tata Chemicals Ltd.
  • Formosa Plastics Corporation
  • Aditya Birla Chemicals
  • Gujarat Alkalies and Chemical Limited.
  • Olin Corporation
  • Brenntag North America, Inc.
  • PPG Industries, Inc.
  • FMC Corporation
  • Hanwha Solutions Chemical Division Corporation
  • Occidental Petroleum Corporation